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Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials. Originally, the company was established as LafargeHolcim by the merger on 10 July 2015 of Holcim and Lafarge, which had combined sales of CHF 26.7 billion in 2019. [3]
There are 134 concrete production plants and 1,350 mixers. Argos' concrete production capacity in Colombia is only 1.7 million cubic meters per year, with 40 plants and 230 mixers. In 2008, Argos had a market capitalization of over $3.5 billion US dollars and income of over $1,955 million US dollars.
Lafarge purchased a plant from the National Gypsum in early 1987. [7] Ten years later, it bought Redland plc, a British quarry operator. [8] In 1999, Lafarge acquired a 100% shareholding in Hima Cement Limited, the second-largest cement manufacturer in Uganda, with an installed capacity of 850,000 metric tonnes annually, as of January 2011. [9]
On 7 April 2014, Holcim and Lafarge announced they had agreed to terms on a "merger of equals" valued at nearly $60 billion. The merger entails 10 Lafarge shares being converted into 9 Holcim shares. Holders of 86% of Lafarge shares accepted this offer in June 2015, according to Holcim, meaning that the merger would proceed. [ 12 ]
In February 2015, Lafarge announced it had reached an agreement to sell the company to CRH plc, with the exception of its Cauldon cement plant. [12] Anglo American sold its 50% stake to Lafarge first, [13] for £992 million ($1.55 billion), [14] in order to allow CRH to buy the complete business. CRH completed the purchase in August 2015.
A 1924 issue of Concrete magazine said that the operation at 1000 La Brea Ave. appeared to be "the pioneer mixing plant in the West," the first of its kind offering "ready-mixed Portland cement ...
In September 2012, the company acquired plants in Sugar Creek, Missouri and Tulsa, Oklahoma from Lafarge for $446 million. [5] In October 2014, the company acquired CRS Proppants LLC, a frac sand supplier, for $225 million. [6] In February 2017, the company acquired a cement plant in Fairborn, Ohio from Cemex for $400 million. [7]
In February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses. [1] Due to the size of the venture, the Office of Fair Trading referred it to the UK's Competition Commission, who concluded in May 2012 that, because of the potential loss of competition in the aggregates, asphalt, cement and ready-mix concrete markets ...